Proactive Investors - Run By Investors For Investors

Xanadu Mines director supports copper-gold strategy with on-market purchase

Xanadu controls one of the most promising porphyry copper-gold projects in Asia.
asx boards
Xanadu is exploring the Kharmagtai Copper-Gold Project in Mongolia

Xanadu Mines Ltd (ASX:XAM) director Hannah Badenach has demonstrated his confidence in the company’s Mongolian copper-gold strategy by acquiring shares on-market.

The acquisition of 100,000 shares valued at $12,500 has increased Badenach’s total shareholding to 1,410,738 shares (indirect interest).

Xanadu controls one of the most promising porphyry copper-gold projects in Asia with the Kharmagtai Copper-Gold Project in Mongolia’s South Gobi region.

 

It also has an expanding portfolio of exploration projects including Red Mountain in the south and Yellow Mountain in the north.

Kharmagtai is the flagship asset which hosts a JORC-compliant resource of 203.4 million tonnes grading 0.34% copper and 0.33 g/t gold for 1.5 million pounds of copper and 2.2 million ounces of gold.

View full XAM profile View Profile

Xanadu Mines Ltd Timeline

Related Articles

1558439052_Global-Atomic---SGR-with-uranium-ore.jpg
May 21 2019
Big upside in uranium, backed by healthy cash flow from zinc recycling
1559213715_Gold-bar-plus-nugget.jpg
May 30 2019
Salazar's exploration efforts are supported by a consistent income stream
The explorer’s attention is on Australia’s south-east
April 26 2019
The company holds ground in the Murray Basin in both New South Wales and Victoria.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use